The city authorizes a credit of its occupational license tax pursuant to the Kentucky Jobs Development Act (KRS 154.24.010 - 154.24.160, KRS 141.120, 141.350 and KRS 141.407) for and throughout a ten-year period (beginning and ending as stipulated in the service and technology agreement executed between the Kentucky Jobs Development Authority and the and the approved company and tentatively scheduled to begin in September, 2008 through September, 2018) and equal to 1% on the wages of the new Perot Systems Corporation Kentucky-resident employees created as part of this Economic Development Project.
(Ord. O-13-04, passed 5-25-04; Am. Ord. O-12-07, passed 6-26-07)